Goldman Sachs, Citigroup Sued Over Subprime Loans
by Bloomberg Business Week July 12 (Bloomberg) — Goldman Sachs Group Inc., Citigroup Inc., Morgan Stanley and dozens more bank and brokerages were sued by a Boston area-based fund seeking reimbursement for losses related to subprime loans. Cambridge Place Investment Management Inc., founded by...
U.S. charges Goldman Sachs with civil fraud
Goldman calls the charges ‘unfounded’ and says it will ‘defend the firm’ by msnbc.com news services WASHINGTON - The government has accused Goldman Sachs & Co. of defrauding investors by failing to disclose conflicts of interest in mortgage investments it sold as the housing market was faltering. The...